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  • 2 months ago
The North East is set to receive an estimated four hundred and forty-five million pounds to support around three thousand four hundred social and affordable homes. The funding is part of a ten-year government programme aimed at increasing housing supply.

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00:02Housing is a pressure felt by families across the North East, with demand for secure, affordable
00:07homes outstripping supply. New government funding for the region is intended to increase
00:13supply, supporting around 3,400 homes through the region's first allocation from the housing
00:20programme. An estimated £445 million has been allocated to the North East mayoral area.
00:28The money can support social and affordable housing, including homes delivered by councils
00:33and housing providers. The government says the programme gives local lenders funding.
00:39Local housing pressures remain significant. Research commissioned by the North East Mayor's
00:44office found almost 43,000 households living in unsuitable accommodation. That included
00:50more than 16,000 households facing overcrowding, while thousands more were homeless or living
00:56with friends or relatives. North East Mayor Kim McGuinness says the investment is a significant
01:02step towards her ambition of delivering 15,000 social and affordable homes. Ministers say the
01:09programme will support 300,000 homes across England, with 60% intended for social rent.
01:16The first stage is intended to help councils and housing associations increase delivery.
01:22The North East allocation is expected to support people facing shortages and high housing costs.
01:28and the increasing as they have caused provisional housing and housing.
01:29The North East is an idealization of the country, because For the United States has been mics
01:29in the country, the North East and the U.S.

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